A phase four follow-up program of reverse circulation and diamond drilling at key targets within Kin Mining’s Cardinia gold project in WA is enhancing the company’s geological understanding of the underexplored Eastern Corridor area
A phase four follow-up program of reverse circulation and diamond drilling at key targets within Kin Mining’s (ASX: KIN) Cardinia gold project in Western Australia is enhancing the company’s geological understanding of the underexplored Eastern Corridor area (reports Small Caps).
The program comprises an additional 63 holes for a total 9700 metres and has been designed to extend the project’s mineral resource along strike to the north and at depth to 200m below surface.
Most of the big names in Australian gold mining have had a rough ride recently as the gold price has struggled to reclaim last year’s all-time high
...but it’s a different story at the small end of the game where exploration success is the key to share price movement (reports Tim Treadgold on Small Caps).
The difference between producers and explorers is an interesting example of the old saying about it being better to travel than to arrive.
Dividends and yield have become the primary appeal of some big gold producers, a novel situation given the high risks associated with any form of mining and a position which will be challenged in the next interest-rate rising cycle.
Bellevue Gold's grade-control drilling has confirmed the continuity of the Tribune Lode
Bellevue Gold's grade-control drilling has confirmed the continuity of the Tribune Lode, in Western Australia's Eastern Goldfields, delivering exceptional intercepts, such as 2m at 176.6 grams per tonne within 5m at 76.4gpt from 55m; and 5m at 31.7gpt from 43m (reports MiningNews).
The company says its two-rig program, on a 10m by 10m pattern, is rapidly advancing the resource drill-out ahead of development, and continues to show the robustness of the resource within the planned open-pit.
Auteco Minerals is flagging open pit potential at its Pickle Crow project in Canada
Auteco Minerals is flagging open pit potential at its Pickle Crow project in Canada, with the discovery of shallow high-grade gold while testing the Carey target, with intercepts such as 20.4m at 5.3gpt from 102.7m, including 2.2m at 9.3gpt (reports MiningNews).
In addition to Carey, drilling has extended the known high-grade gold mineralisation in the Shaft 3 and Shaft 1 areas, including a previously undiscovered shear vein, with hits such as 4.9m at 7.5gpt from 483m and 3.3m at 8gpt from 836m.
An increase in steel prices coupled with burgeoning demand for high quality ore from Chinese producers should keep iron ore miners buoyant
An increase in steel prices coupled with burgeoning demand for high quality ore from Chinese producers should keep iron ore miners buoyant in the third quarter as their copper-focused counterparts slide on softening prices, according to investment bank Jefferies (reports MiningNews).
RareX (ASX:REE) has strengthened its executive team to help drive development of its Cummins Range rare earths project and exploration work (reports Stockhead).
The company has appointed James Durrant as its general manager of projects to oversee studies at the flagship Cummins Range project in Western Australia’s East Kimberley region.
Cummins Range has a current inferred resource of 13 million tonnes at 13 per cent total rare earth oxides for 147 million kg of TREO.
Impressive results of up to 60m at 3.03g/t gold continue to highlight potential to grow all key deposits that make up Genesis Minerals’ (ASX:GMD) 1.6Moz Ulysses gold project in WA (reports Stockhead).
Drilling has now confirmed mineralisation over 400m of strike at the Puzzle North discovery, about 700m north of the shallow 59,000oz Puzzle resource.
Besides the top hit — which includes a high-grade zone of 8m at 12.9 grams per tonne (g/t) gold — new intercepts also include 84m at 1.98g/t gold from 84m (including 10m at 6.31g/t gold from 116m) and 40m at 2.52g/t gold from 44m.
And there’s still room to grow. Mineralisation at Puzzle North remains open along strike and at depth along the granite-greenstone contact, meaning that further drilling could uncover more gold.
Pilbara Minerals is poised to take annual honours as Australia’s best performing top-200 stock after recovering lithium prices fuelled a four-fold jump in value that has the WA miner on the threshold of becoming a $4 billion company (reports The West)
With just three weeks left to run until June 30, Pilbara is easily the S&P-ASX200’s biggest gainer of the 2020-21 financial year, its shares up 469 per cent.
That’s more than double the gains of the next best stocks, wealth platform HUB24, up 196 per cent, and rare earths company Lynas, up 185 per cent.
By comparison, the S&P-ASX200 has risen 23.7 per cent over the past year.